Victor on Nostr: Bitcoin options traders anticipating new all-time high. Data from Bloomberg ...

Bitcoin options traders anticipating new all-time high.

Data from Bloomberg Intelligence highlights a marked rise in the activity for call options expiring on Mar. 29 at strike prices of $60,000, $65,000, and $75,000. This comes despite Bitcoin having achieved its all-time high of $69,000 more than two years ago, in November 2021.

A high activity level in the options market indicates significant speculative interest and strategic positioning among Bitcoin investors.

When traders heavily invest in call options at strike prices above the current market price, it suggests a bullish outlook, as they anticipate the asset’s price will rise to or beyond these levels. This heightened activity reflects the market’s sentiment and expectations for future price movements and increases volatility and liquidity.